3,048 Shares in Cintas Corp. (CTAS) Acquired by ING Groep NV
ING Groep NV bought a new stake in shares of Cintas Corp. (NASDAQ:CTAS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,048 shares of the company’s stock, valued at approximately $299,000.
A number of other large investors have also recently made changes to their positions in the stock. Checchi Capital Advisers LLC increased its stake in shares of Cintas Corp. by 0.8% in the second quarter. Checchi Capital Advisers LLC now owns 1,376 shares of the company’s stock valued at $135,000 after buying an additional 11 shares during the period. S&CO Inc. purchased a new stake in shares of Cintas Corp. during the second quarter valued at $226,000. National Planning Corp increased its stake in shares of Cintas Corp. by 5.8% in the first quarter. National Planning Corp now owns 2,975 shares of the company’s stock valued at $271,000 after buying an additional 164 shares during the period. HL Financial Services LLC purchased a new stake in shares of Cintas Corp. during the second quarter valued at $275,000. Finally, BB&T Securities LLC increased its stake in shares of Cintas Corp. by 4.0% in the first quarter. BB&T Securities LLC now owns 3,836 shares of the company’s stock valued at $344,000 after buying an additional 149 shares during the period. Institutional investors own 67.01% of the company’s stock.
Cintas Corp. (NASDAQ:CTAS) traded down 0.38% on Thursday, reaching $109.33. 415,089 shares of the company were exchanged. The stock has a 50-day moving average price of $114.15 and a 200 day moving average price of $101.08. Cintas Corp. has a 52 week low of $80.00 and a 52 week high of $119.94. The stock has a market capitalization of $11.47 billion, a price-to-earnings ratio of 16.44 and a beta of 0.76.
Cintas Corp. (NASDAQ:CTAS) last announced its quarterly earnings data on Tuesday, September 27th. The company reported $1.26 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.18. Cintas Corp. had a net margin of 14.63% and a return on equity of 24.60%. The company had revenue of $1.29 billion for the quarter. During the same period in the prior year, the company posted $0.93 earnings per share. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. Analysts forecast that Cintas Corp. will post $4.60 earnings per share for the current year.
Several brokerages have weighed in on CTAS. Zacks Investment Research upgraded shares of Cintas Corp. from a “sell” rating to a “hold” rating and set a $120.00 target price for the company in a research note on Thursday, July 21st. Barclays PLC lowered their target price on shares of Cintas Corp. from $105.00 to $95.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 20th. Nomura restated a “buy” rating and issued a $102.00 target price on shares of Cintas Corp. in a research note on Friday, July 15th. Robert W. Baird restated an “outperform” rating and issued a $140.00 target price on shares of Cintas Corp. in a research note on Friday, September 30th. Finally, Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of Cintas Corp. in a research note on Wednesday, September 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. Cintas Corp. has an average rating of “Hold” and a consensus price target of $117.10.
In other Cintas Corp. news, Director Gerald S. Adolph sold 2,000 shares of the stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $108.12, for a total value of $216,240.00. Following the sale, the director now directly owns 11,590 shares of the company’s stock, valued at approximately $1,253,110.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 19.10% of the stock is currently owned by company insiders.
About Cintas Corp.
Cintas Corporation is a provider of corporate identity uniforms through rental and sales programs, as well as a provider of related business services, including entrance mats, restroom cleaning services and supplies, carpet and tile cleaning services, first aid and safety services and fire protection products and services.
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